patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | reply to DaveDude
Re: nothing will happen And who would decide whose rules apply to interstate sales of insurance? The Federal Insurance Commission made up of insurance industry retirees appointed by the president and confirmed by the senate? |
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 DaveDudeNo Fear
join:1999-09-01
New Jersey
kudos:1
 ·ViaTalk
·Vonage
| said by patcat88:And who would decide whose rules apply to interstate sales of insurance? The Federal Insurance Commission made up of insurance industry retirees appointed by the president and confirmed by the senate? The states decide just as they do now, but sales are permitted. Each state would make a minimum criteria for insurance. This is already done for car insurance.
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They Live... We Sleep...
“Spreading the wealth around” never results in a better outcome for people. It always results in destruction.
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patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | said by DaveDude:The states decide just as they do now, but sales are permitted. Each state would make a minimum criteria for insurance. This is already done for car insurance. Then there would be a race to the bottom for every insurance company to register only in the most liberal, most profitable state. Like Nevada and Delaware for corporations, and Utah for banks. |
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